# Soybeans surge on weather concerns; wheat rises after slide | Financial Post

> Chicago soybean futures surged to their highest since last summer as the market priced in South American drought losses that could curb global export supplies. Wheat rebounded after a two-day slide amid Russia-Ukraine tensions, and corn hit a seven-month high.

- Date: 2022-01-28 · published 2022-01-28T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43179-soybeans-surge-on-weather-concerns-wheat-rises-after-slide-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower South American crop expectations raise demand for U.S. exports and support prices across soybeans, corn and wheat for feed buyers. Geopolitical risk to Black Sea shipments adds upside pressure on wheat.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-surge-on-weather-concerns-wheat-rises-after-slide-2

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.